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Freight Rate Roundup: Maersk, CMA CGM and Hapag-Lloyd

Ocean carriers Maersk Line of Denmark, CMA CGM of France and Hapag-Lloyd of Germany issued freight rate increases.

   Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced freight rate increases.
   Maersk issued an increase in FAK rates and all traded commodities on the North Europe to Far East trade effective Dec. 20 until further notice, but not beyond Jan. 31.
   In addition, Maersk announced an increase in FAK rates and all traded commodities on the Far East to East Coast of South America trade effective Jan. 1 until further notice, but not beyond Jan. 14.
   CMA CGM issued a general rate increase from Asia to the East Coast of South America (including Northeast Brazil) effective Dec. 15. Rates will increase by $750 per TEU.
   In addition, CMA CGM issued a general rate restoration from Asia (including Korea, Taiwan, Japan, Southeast Asia and Bangladesh) to Africa for all cargo (including dry, reefer, OOG and breakbulk) effective Jan. 1.
   CMA CGM announced new FAK rates from:
     • The Middle East and Red Sea to North Europe, the West Mediterranean and the Adriatic, which took effect Dec. 7 and will remain until further notice;
     • North Europe to the Gulf and Red Sea, which took effect Dec. 7 and will remain until further notice;
     • All Asian ports (including Japan, Southeast Asia and Bangladesh) to all Northern European ports (including the United Kingdom and the full range from Portugal to Finland/Estonia) for dry cargo, OOG, paying empties, breakbulk and reefer cargo effective Dec. 15 until further notice;
     • Asia (including Korea, Taiwan, Japan, Southeast Asia and Bangladesh) to Pointe des Galets, Reunion effective Jan. 1 until further notice.
   Hapag-Lloyd issued a general rate increase from East Asia to the East Coast of South America for all cargo and container types effective Dec. 15. Rates will increase by $750 per TEU.